Precious Metal & Rare Coin Market News

Retirement accounts face greater risks today. That risk is inflation. Rising inflation has moderated a bit in recent months. Yet it is still well above the 10-year historical average of about 1.88%. The problem is that many retirement accounts were set up, funded, and invested at a time when inflation was low. That time has passed, but few retirement accounts have caught up to the current environment. As a result, the allocations within many of ... >> Read More        

Mosby’s Treasure in Virginia Idaho Stagecoach Robbery Treasure Pirate Treasure at Hawaii’s Palemano Point Gangster John Dillinger's Suitcase Filled With Cash Jesse James And His Band of Outlaws Lost Loot in Oklahoma The allure of hidden treasure and sudden riches is strong. The possibility of a huge stash of gold, silver, jewels, cash and more has driven treasure hunters on expeditions throughout history. Today we highlight five hidden treasures that are still waiting to be ... >> Read More        

An event that has a small probability of occurring is sometimes called a tail event. The “tail” is the sloping far left and right sides of a normal distribution curve. These are the areas that sit outside the main bulge of the curve. If the tail represents uncommon outcomes, why do they matter? They matter because when they do happen, they often present dramatic outcomes. In his 2007 best-seller, The Black Swan: The Impact of ... >> Read More        

The Trade Dollar is an interesting example of how expanding global trade can give rise to new coins. In the mid-1800s, the Mexican peso was a highly valued means of exchange in China. In contrast, the American silver dollar was far less popular due to its relatively light weight. This meant that American merchants had no choice but to use Mexican and Spanish currency when engaging in commerce. Around this time, Louis Garnett, who served ... >> Read More        

Fed Hikes Interest Rates for Tenth Time Investors turned to the safety of gold and silver after the Federal Reserve hiked interest rates for the tenth time in its battle against America's public enemy number one: inflation.On Wednesday, the Fed increased its benchmark interest rate by 0.25% to 5.0-5.25%, a 10-year high. Gold and silver both traded significantly higher after the Fed meeting.Are Rate Hikes Over?In a hint of what lies ahead, central bankers removed ... >> Read More        

The Louis Eliasberg Collection Bob R. Simpson Collection The Harry W. Bass Collection What do Louis Eliasberg, Bob R. Simpson and Harry W. Bass have in common? They all amassed one of the finest-known coin collections in American history. The Louis Eliasberg Collection Louis Eliasberg was born in Selma, Alabama in 1896, the son of a dry goods and clothing dealer. He wasn't born into wealth and yet he amassed his incredible rare coin collection ... >> Read More        

“We were now about to penetrate a country at least two thousand miles in width, on which the foot of civilized man had never trod. The good or evil it had in store for us was for experiment yet to determine…I could but esteem this moment of my departure as among the most happy of my life." –Meriwether Lewis, from The Journals of Lewis and Clark. The historic 1803 Louisiana Purchase from France became one ... >> Read More        

The Elgin Illinois Centennial half dollar honors the founding pioneers of Elgin, Illinois located 30 miles west of Chicago. Founded in 1835, the area eventually became a village by 1847, then finally a city in 1854. The first person to suggest commemorating the town was Trygve Rovelstad, the son of Norwegian immigrants in the U.S. As a sculptor, he decided that he would erect a statue in Elgin to remember the pioneers that settled the ... >> Read More        

From bank failures to rising interest rates and still high inflation, investors around the globe are rushing into precious metals for safety, portfolio diversification, and as an asset to grow their wealth. Gold is up 10% since the start of 2023 and recently raced above the $2,000 an ounce level. Silver is up 4% and looking ahead Wall Street remains positive on precious metals. Citigroup has a bullish forecast for gold climbing to the $2,300 ... >> Read More        

Gold soared through the $2,000 level yesterday fueled by steady investor buying following weaker-than-expected economic reports and a big jump in crude oil prices. The early April OPEC announcement of a planned crude oil production cut triggered a 6% jump in oil prices to $80 per barrel. And, higher crude oil prices can boost the already high levels of inflation in the economy. Investors turned to the safety of gold in recent weeks amid bank ... >> Read More